POWER!!!! Fortescue Future Industries, page-655

Hi Alex,

No problem.

That will take a bit more time, but as a long term holder, I'm okay with that in the larger scheme of things. I see this acquisition as very complimentary to the business objectives that the company are focused on. Refer to the top of page 7 of the Analyst Call Transcript below. That answer is quite instructive and may provide some insight into what they are actually looking to accelerate towards.

https://www.fmgl.com.au/docs/default-source/announcements/investor-and-analyst-call-transcript-(december-2021-quarterly-production-report).pdf?sfvrsn=ac10282e_6

As I mentioned in one of my recent posts, the company is working hard at accelerating their own decarbonisation, but there is also a significant commercial opportunity for the heavy industry sector once their technology is proven. Think about how many heavy industry vehicles there are. That's one of their initial targets. Proof of concept ticked remember...More work to be carried out, but with this new acquisition, I think things could get really exciting.

Refer here: https://im-mining.com/2021/11/03/fortescue-future-industries-first-mover-global-green-hydrogen-next-generation-mining-equipment/

FMG are looking at displacing 100 million litres of diesel per year within their own current mining operations. What might this mean financially for the company? What might those cost savings look like? HUGE I'd imagine.

The average price of diesel around the world is 1.13 U.S. dollar per litre.

Source: https://www.globalpetrolprices.com/diesel_prices/

How are FMG looking to lower their operating costs by going green?

Refer to Michael Masterman answer to question on page 16 of the August 2021 Analyst Call Transcript below.
https://www.fmgl.com.au/docs/default-source/announcements/investor-and-analyst-call-transcript-(fy21-full-year-results).pdf?sfvrsn=508bf5cf_2

and what the company highlighted in their news release below...

https://www.fmgl.com.au/in-the-news/media-releases/2021/12/15/fortescue%E2%80%99s-chichester-hub-daytime-operations-powered-by-renewable-solar-energy

Hope this helps.

All the best.
Tony